How to reduce storage rental expenses

After the move - September 4, 2019

Let us be honest: every one of us here wants to save up some money if the chance arises. So, it is no wonder that you are interested in the best ways to reduce storage rental expenses. Especially if you already have relocation bills to handle. However affordable Brooklyn movers may be, chances are you would be happier with the bigger amount in your pocket at the end of the month. So, now that we have established that saving money through reducing expenses is your goal, let us get to the means of achieving that.

The best way to go about this process is to understand what you are dealing with. So, before we delve into your options, let’s get the basics out of the way.

Coins and pens on a document
The way you will reduce storage rental expenses is by first understanding what your options are.

Get to know the factors that determine the price in order to reduce storage rental expenses

Now, the factors are that are determining the overall price are many, but that can be regarded as a good thing since you will have a lot to choose from when the time to reduce storage rental expenses arrives. Your Carroll Gardens movers have probably already mentioned all of these. Nonetheless, it is always good to have a reminder. So, the overall price of your storage unit rent will depend on:

  • the size of the unit you plan on renting (this is one of the biggest factors when it comes to the price, so consider your options wisely)
  • location of the storage unit you choose
  • whether you opt for full-service storage or self-storage
  • whether you are going for a climate-controlled unit or not
  • the extent of time you will be renting
  • insurance
  • extra security

Let’s take a look now at each of these aspects and how they affect the overall price of storage you will pay.

The size of the storage unit

It might not come as a surprise that the size of the storage unit you plan on renting is the number one price determining factor. Now, there are various sizes you can choose from. Some of the most common ones are 5×5, 5×10, 10×10, 10×15, 10×20 and 10×30. Just the give you a better understanding of the situation, the average price for the most popular storage unit (10×20) is around $100 a month. The lowest price you can expect is around $40 for the smallest of the units.

Of course, this doesn’t mean you should choose a smaller unit just to save money. In fact, if you’re not sure which size you need, expert recommending going a size bigger. This makes sense if you consider that you may have to rent an extra unit when you can’t fit all your stuff in the one you chose.

Storage unit’s location

Storage units that are in the urban areas will, naturally, cost you more than the ones located in a less attractive location. Consider this a big factor when looking for ways to reduce storage rental expenses, and opt for a storage unit that is further from the city.

Full-service storage vs self-storage unit

The most popular way of renting is the latter one, but this one depends on your preferences. If you desire a more convenient and stress-free experience, you should opt for the full-service storage. The movers will pack your things in your home, make sure that they safely arrive in the storage unit, and then deliver them back once you give the word. However, this costs money, so opting to handle all your stuff by yourself might be the option to go for.

A man carrying three boxes
A DIY option might be bothersome, but it will save you money.

Climate-controlled storage unit

Now this one is hard to evade if you plan on storing items that are temperature and moist sensitive. As you can imagine, these don’t come cheap. Storage units that are only temperature-sensitive cost less, so you can choose them instead if your situation allows it.

The extent of time you will be renting

In the wast majority of cases, storage units are rented on a month-to-month basis. Now, this may be the most convenient way to rent, since you don’t know what tomorrow brings. Having said that, it might not necessarily be the cheapest way of renting. Surely enough, every company has its own offers. So, make sure to take a good look at what the storage companies offer, and pick the one that suits your needs best.

Insurance of the storage unit can help you reduce storage rental expenses

Some storage companies require proof of insurance before they give you a unit for renting. This, as you can imagine, costs money. Options wary, so do some research before making the final decision.

Choosing a storage unit with extra security

When storing your items, apart from getting them out of your way, you also probably want them to remain safe. Especially if you plan on storing some valuables. So, what you will probably be looking for is a rental unit with an alarm system and video surveillance. Now, these are the basic types of protection. If you want something extra, you will have to pay extra. Electronic keypads and other additional layers of security will make the rent cost be much higher.

A multiple combination lock on top of a computer
Be extra sure that you need all the features before paying for them.

In order to reduce storage rental expenses, you should do the following

So, it all comes down to a few factors you can change, some that you cannot avoid, and those in between that can have an effect on the safety, but save you money in return. The two of the biggest factors that will reduce storage rental expenses are the size and location of your unit. You may not be able to opt-out of storing valuables or temperature-sensitive items, but you can reduce the amount you plan to store. If the need for storage unit arose in a time of relocation, consider decluttering before venturing out for that extra space. Although time-consuming and bothersome, it will save you a lot of money as well. In addition, if you are able to, handle the transfer of your items on your own, and leave the full-service storage for another occasion when you will indeed need it.

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